Sokha, who has been with VisionFund (Kiva’s partner) for the past two cycles, has fully repaid his loan with success to support his business, and improved his living conditions better than before. Moreover, he is able to set aside some money for future needs, too. For this loan cycle, he joins with another member, who has never been with VisionFund (Kiva’s partner) before. As the leader, he will spend his loan portion to plow his farmland and to buy rice seed and potash. He highly believes that he can expand his business on a bigger scale and make triple income for the sake of his kids.
About VisionFund CambodiaVisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.
Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.
This is a Group Loan
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Success!! The loan was 100% repaid